The hottest viscose listed company had good perfor

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Viscose listed companies had good performance and broad prospects in 2009

the viscose fiber industry is a very important branch of the chemical fiber industry. In 2009, despite the great impact of the financial crisis, the viscose fiber industry fortunately developed rapidly in this catastrophe. This is very rare not only in the chemical fiber industry, but also in the entire textile industry. The journey of the seven listed companies mainly engaged in viscose fiber business can reach 1000mm. In 2009, the operating revenue was all positive year-on-year growth, the gross profit margin of the company increased significantly across the board, and the net profit was all positive growth except Jilin chemical fiber

business conditions gradually improved

in 2009, China's economy continued to grow rapidly, with an annual growth rate of 8.7%. With the sustained and stable economic development, the viscose staple fiber market ended the continuous decline since 2008, ushered in a new round of boom, and the upstream and downstream of the viscose industry showed an upward trend throughout the year

the cotton yarn in the lower reaches rose significantly in 2009, providing a good opportunity for the recovery of viscose staple fiber industry. In 2009, the number of domestic yarn spindles continued to increase rapidly, especially the rapid expansion of some air-jet spinning and vortex spinning, which increased the demand for viscose staple fibers. According to the data of the National Bureau of statistics, the national yarn output in 2009 totaled 24.056 million tons, with a year-on-year increase of 12.7%. The increase in yarn output led to the first recovery of the viscose industry

since 2008, the export tax rebate rate of viscose fiber has been increased three times, from 14% on November 1, 2008, to 15% on February 1, 2009, and to 16% on April 1, 2009, which has played a great role in improving the export situation of viscose fiber

under the good development trend of the viscose industry, the operating conditions of the listed companies of viscose fiber are also very satisfactory, and the operating revenues of the six companies have increased steadily by quarter. Among them, Xinxiang Chemical fiber, Aoyang technology and Shandong Hailong have the best growth momentum

the net profit of listed companies of viscose fiber is mixed. The net profits of all seven listed companies were positive, and the net profits of six of them increased by more than 100% year-on-year, but this does not mean that the main businesses of these companies have developed well, because three companies have obtained huge non operating income. Baoding swan obtained a return of 86.91 million yuan due to the reduction of Changjiang Securities; Hubei Jinhuan obtained 188.52 million yuan from its equity investment and sale of financial assets; Nanjing chemical fiber received a government subsidy of 60.94 million yuan for relocation. In addition to these huge non operating income, Baoding swan's main chemical fiber industry lost money in 2009, and several other companies still achieved profits. Although the net profit of Jilin chemical fiber decreased by 105.25% year-on-year, the quarterly net profit showed an increasing trend, and the growth momentum was good. In the fourth quarter, the net profit was 61.5921 million yuan, an increase of 82.98% month on month, enabling the enterprise to turn losses into profits throughout the year. By quarter, only aoyangke PGA was first developed into absorbable suture technology, Jilin chemical fiber and Xinxiang Chemical fiber maintained a relatively stable growth trend. Several other companies experienced great fluctuations

company name

net profit (10000 yuan)

first quarter

second quarter

third quarter

fourth quarter

whole year

year on year

Hubei Jinhuan







Xinxiang Chemical fiber







Baoding swan






14 8.52%

Aoyang technology







Nanjing chemical fiber







Jilin chemical fiber







Shandong Hailong




1 023.49



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